UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _____________)*
Digital Generation Systems, Inc.
----------------------------------------------------------------------
(Name of Issuer)
Common Stock, No par value
----------------------------------------------------------------------
(Title of Class of Securities)
253921100
-------------------------------------
(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Index to Exhibits is on Page 17
Page 1 of 18
<PAGE>
13G
CUSIP No. 253921100 Page 2 of 18
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Glynn Capital Management
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,029,666 shares of Common Stock
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,029,666 shares of Common Stock
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,029,666 shares of Common Stock
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.8%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
13G
CUSIP No. 253921100 Page 3 of 18
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Crown-Glynn Advisors, Ltd.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 308,375 shares of Common Stock
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
308,375 shares of Common Stock
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
308,375 shares of Common Stock
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.7%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
13G
CUSIP No. 253921100 Page 4 of 18
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Crown Advisors, Ltd.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 565,200
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
565,200
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
565,200
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.9%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
13G
CUSIP No. 253921100 Page 5 of 18
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Crown Capital Management, Ltd.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 256,825 shares of Common Stock
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
256,825 shares of Common Stock
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
256,825 shares of Common Stock
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
13G
CUSIP No. 253921100 Page 6 of 18
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John W. Glynn. Jr.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
30,000 shares of Common Stock
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,029,666 shares of Common Stock
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 30,000 shares of Common Stock
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,029,666 shares of Common Stock
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,059,666 shares of Common Stock
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.1%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
13G
CUSIP No. 253921100 Page 7 of 18
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Darryl Messinger
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,029,666 shares of Common Stock
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,029,666 shares of Common Stock
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,029,666 shares of Common Stock
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.8%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
13G
CUSIP No. 253921100 Page 8 of 18
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven Rosston
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,029,666 shares of Common Stock
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,029,666 shares of Common Stock
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,029,666 shares of Common Stock
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.8%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
13G
CUSIP No. 253921100 Page 9 of 18
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David F. Bellet
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
20,000
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 565,200 shares of Common Stock
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 20,000
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
565,200 shares of Common Stock
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
585,200 shares of Common Stock
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
13G
CUSIP No. 253921100 Page 10 of 18
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Chester A. Siuda
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 565,200 shares of Common Stock
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
565,200 shares of Common Stock
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
565,200 shares of Common Stock
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.9%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
13G
CUSIP No. 253921100 Page 11 of 18
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Margaret S. McNamara
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 565,200 shares of Common Stock
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
565,200 shares of Common Stock
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
565,200 shares of Common Stock
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.9%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
13G
CUSIP No. 253921100 Page 12 of 18
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jeffrey S. Hamren
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 565,200 shares of Common Stock
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
565,200 shares of Common Stock
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
565,200 shares of Common Stock
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.9%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
Item 1(a) Name of Issuer: Digital Generation Systems, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
875 Battery Street, San Francisco, CA 94111
Item 2(a) Names of Person Filing See cover pages.
Relationship of filing persons:
Glynn Capital Management, Crown-Glynn Advisors, Crown
Capital Management and Crown Advisors, Ltd., are Registered Investment Advisors.
Glynn Capital Management is investment advisor to Glynn Emerging
Opportunity Fund, a California limited partnership, Glynn Buckley Investments, a
California limited partnership, McMorgan Fund II, a California limited
partnership, and Glynn Investments, a California limited partnership.
Crown-Glynn Advisors is investment advisor to Crown Associates III, a
Delaware limited partnership, and Crown-Glynn Associates, a Delaware limited
partnership.
Crown Capital Management is investment advisor to The Crown Trust, a
New York Trust.
Crown Advisors, Ltd., is a sub-advisor to Crown-Glynn
Advisors and Crown Capital Management.
John W. Glynn, Jr., David F. Bellet and Chester A.
Siuda are Managing Directors of Crown Capital Management and
Crown-Glynn Advisors. John W. Glynn, Jr., is sole owner of Glynn
Capital Management. David F. Bellet and Chester A. Siuda are the
owners of Crown Advisors, Ltd.
John W. Glynn, Jr., David F. Bellet, Chester A. Siuda,
Jeffrey S. Hamren, Daryl Messinger, Steven Rosston, and Margaret
S. McNamara are General Partners of Crown Partners III, L.P., a
Delaware limited partnership and Crown-Glynn Partners, L.P., a
Delaware partnership. General Partners of Crown Associates III,
L.P., and Crown-Glynn Associates, L.P., respectively.
Crown Associates III, L.P. owns 207,770 shares of common stock,
Crown-Glynn Associates, L.P. owns 100,605 shares of common stock, The Crown
Trust owns 256,825 shares of common stock, Glynn Emerging Opportunity fund owns
77,500 shares of common stock, Glynn Investments owns 24,000 shares of common
stock, Glynn Buckley owns 27,700 shares of common stock, Glynn Venture III owns
89,166 shares of common stock, McMorgan Fund II owns 51,400 shares of common
stock.
Page 13 of 18
<PAGE>
Item 2(b) Address of Principal Business Office or, if none Residence:
As to the following filing persons:
Crown-Glynn Associates, Limited Partnership
Crown Associates III, Limited Partnership
Crown Partners III, L.P.
Crown-Glynn Partners, L.P.
Crown-Glynn Advisors Ltd.
Crown Capital Management Ltd.
Crown Advisors Ltd.
Chester A. Siuda
Margaret S. McNamara
Jeffrey S. Hamren
67 East Park Place
8th Floor
Morristown, NJ 07960
As to the following filing person:
David F. Bellet
60 East 42nd Street, Suite 3405
New York, NY 10165
As to the following filing persons:
Glynn Buckley Investments, L.P.
McMorgan Fund II, L.P.
Glynn Capital Management
Glynn Emerging Opportunity Fund
Glynn Investment, L.P.
Glynn Venture III
John W. Glynn, Jr.
Steven Rosston
Daryl Messinger
3000 Sand Hill Road
Building 4, Suite 235
Menlo Park, CA 94025
Item 2(c) Citizenship: See cover pages
Item 2(d) Title of Class of Securities: Common Stock, no par value
Item 2(e) CUSIP Number: 253921100
Page 14 of 18
<PAGE>
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a :
(a) Broker or Dealer registered under Section 15 of the Act,
(b) Bank as defined in Section 3(a)(6) of the Act,
(c) Insurance Company as defined in Section 3(a)(19) of the Act,
(d) Investment Company registered under Section 8 of the Investment
Company Act,
(e) *Investment Adviser registered under Section 203
of the Investment Advisers Act of 1940,
(f) Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see 13d-1(b)(1)(ii)(F),
(g) Parent Holding Company, in accordance with Section 240.13d-1(b)
(ii)(G),
(h) Group, in accordance with Section 240.13d-1(b)(1)(ii)(H).
--------------------
* As to Crown-Glynn Advisors, Ltd., Crown Capital Management Ltd.
and Glynn Capital Management and Crown Advisory Ltd.
Item 4. Ownership: See cover pages.
Item 5. Ownership of Five Percent or Less of a Class: Not applicable.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person:
Not applicable.
Item 7. Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on by the Parent Holding Company:
Not applicable.
Item 8. Identification and Classification of Members of the Group:
Not applicable.
Item 9. Notice of Dissolution of Group: Not applicable.
Item 10. Certification:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose of
and do not have the effect of changing or influencing the control of
the issuer of such securities and were not acquired in connection
with or as a participant in any transaction having such purposes or
effect.
Page 15 of 18
<PAGE>
13-G SIGNATURE PAGE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Dated: February 14, 1997
CROWN-GLYNN ASSOCIATES, LIMITED /s/ John W. Glynn, Jr.
PARTNERSHIP --------------------------
John W. Glynn, Jr.*
By Crown-Glynn Partners, L.P. as /s/ Steven Rosston
General Partner --------------------------
Steven Rosston
CROWN ASSOCIATES III, LIMITED /s/ Daryl Messinger
PARTNERSHIP --------------------------
By Crown-Glynn Partners III, L.P. as Daryl Messinger
General Partner
CROWN PARTNERS III, L.P. /s/ David F. Bellet
---------------------------
David F. Bellet
CROWN-GLYNN PARTNERS, L.P. /s/ Chester A. Siuda
---------------------------
Chester A. Siuda
By /s/ David F. Bellet /s/ Jeffrey S. Hamren
- --------------------------- ---------------------------
General Partner Jeffrey S. Hamren
/s/ Margaret S. McNamara
---------------------------
Margaret S. McNamara
CROWN CAPITAL MANAGEMENT LTD.
CROWN ADVISORS, LTD.
CROWN-GLYNN ADVISORS, LTD.
By /s/ David F. Bellet
- ----------------------
- ------------------------------
* Individually and on behalf of Glynn Capital Management,
Glynn Emerging Opportunity Fund, Glynn Investment L.P.,
GCM Pension, Glynn Buckley Investments, L.P., McMorgan
Fund, L.P.
Page 16 of 18
<PAGE>
Index to Exhibits
-----------------
Joint Filing Agreement............................................. Page 18
Page 17 of 18
JOINT FILING AGREEMENT
Each of the undersigned hereby agrees that the Schedule 13G filed on the
date hereof has been filed on behalf of each of the undersigned.
Dated: February 14, 1997
CROWN-GLYNN ASSOCIATES, LIMITED /s/ John W. Glynn, Jr.
PARTNERSHIP --------------------------
By Crown-Glynn Partners, L.P. as John W. Glynn, Jr.*
General Partner
/s/ Steven Rosston
--------------------------
Steven Rosston
CROWN ASSOCIATES III, LIMITED /s/ Daryl Messinger
PARTNERSHIP --------------------------
By Crown-Glynn Partners III, L.P. as Daryl Messinger
General Partner
CROWN PARTNERS III, L.P. /s/ David F. Bellet
---------------------------
David F. Bellet
CROWN-GLYNN PARTNERS, L.P. /s/ Chester A. Siuda
---------------------------
Chester A. Siuda
By /s/ David F. Bellet /s/ Jeffrey S. Hamren
- --------------------------- ---------------------------
General Partner Jeffrey S. Hamren
/s/ Margaret S. McNamara
---------------------------
Margaret S. McNamara
CROWN CAPITAL MANAGEMENT LTD.
CROWN ADVISORS, LTD.
CROWN-GLYNN ADVISORS, LTD.
By /s/ David F. Bellet
- ----------------------
- ----------------------------
* Individually and on behalf of Glynn Capital Management,
Glynn Emerging Opportunity Fund, Glynn Investment L.P.,
GCM Pension, Glynn Buckley Investments, L.P., McMorgan
Fund, L.P.
Page 18 of 18
